Brick Mixed-Use
For Sale
$2,199,000
1425 Foster Avenue, Brooklyn, NY 11230
Commercial Sale, Brooklyn, NY
Property Size3,400 SF
Lot Size0.03 Acres
Price / SF$646.76
Days on Market40
Property Features for 1425 Foster Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Finished
Appliances
Convection Oven
Elementary school
Ps 217 Col David Marcus School
Middle school
Is 381
High school
James Madison High School
Elementary school district
Brooklyn 22
Middle school district
Brooklyn 22
High school district
Brooklyn 22
Directions
From Ocean Parkway: Head north or south to Foster Avenue. Turn east onto Foster Avenue and continue for approximately half a mile. The property is located on the right (south) side of the street, situated between Coney Island Avenue and East 15th Street. From Flatbush Avenue: Take Foster Avenue westbound. Cross over Bedford Avenue and East 17th Street. The destination will be on your left, just past East 15th Stree
Standard status
Active
APN
05235-0028
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6487
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Heat Pump (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1933
Building materials
Brick
Listing Agency:
American Fine Homes & Estates
(516) 934-0700
Listed By:
Zeeshan Basit · License #31BA1100818
(516) 934-0572
Added: Jul 28
Changed: Sep 2
Last Checked: Sep 5 at 11:06AM
MLS# 1031908
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1933, this brick mixed-use property provides 3,400 square feet of interior area across multiple levels, along with a finished basement. The ground floor is configured for commercial use, while the upper level contains three bedrooms and two bathrooms and can serve as residential or office space. The property will be delivered vacant at closing. Updated ductless heat-pump systems provide heating and cooling, with natural gas also serving the building. Public water and public sewer are in place, and cable is available.
The building is located at 1425 Foster Avenue in Brooklyn’s Ditmas Park, between Coney Island Avenue and East 15th Street. Newkirk Plaza’s B/Q subway station is less than 500 feet away, with stated travel times to Manhattan of approximately 30 minutes. Nearby context includes neighborhood restaurants, local shopping, and PS 217.
The building is located at 1425 Foster Avenue in Brooklyn’s Ditmas Park, between Coney Island Avenue and East 15th Street. Newkirk Plaza’s B/Q subway station is less than 500 feet away, with stated travel times to Manhattan of approximately 30 minutes. Nearby context includes neighborhood restaurants, local shopping, and PS 217.
Key Highlights
- 3,400 square feet of interior area on a 1,310‑square‑foot lot
- Ground‑floor commercial space with 3‑bedroom, 2‑bathroom upper configuration
- Finished basement and vacant delivery at closing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$163,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,260,920
$3.3M
Cap Rate 7%
$2,329,229
$2.3M
Cap Rate 9%
$1,811,622
$1.8M
Market Conditions
NOI Build-Up for 3,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$264.4K $77.76/SF
− Vacancy
−$31.5K −$9.25/SF
EGI
$232.9K $68.51/SF
− OpEx
−$69.9K −$20.55/SF
NOI
$163.0K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,260,920
Cap Rate 7%
$2,329,229
Cap Rate 9%
$1,811,622
Alternative Uses
Best Use
Retail
$2.33M
$2.04M – $2.72M
NOI $163,046 @ 7.0% cap · market cap 7.41%
Second Best
Mixed Use
$1.76M
$1.54M – $2.06M
NOI $123,420 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$2.82M
$2.46M – $3.28M
NOI $197,064 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,994
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant building combines ground-floor commercial space with an upper residential or office configuration.
Where is this mixed-use property located?
The property is located at 1425 Foster Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 3,400 square feet of interior area on a 1,310‑square‑foot lot; Ground‑floor commercial space with 3‑bedroom, 2‑bathroom upper configuration; Finished basement and vacant delivery at closing
